Is there any suspicion that the micro loan network is involved in illegally absorbing public deposit

On the evening of July 4, the Shangcheng District Branch of the Hangzhou Municipal Public Security Bureau filed a case for investigation on the suspicion of illegally absorbing public deposits from the micro-loan (Hangzhou) financial information service **** ("micro-credit network" platform) in accordance with the law. At present, the case is being investigated and handled in accordance with the law. In the special rectification action to promote online lending, another 100-billion-level P2P company was placed on file for investigation.

The micro-loan network was launched on July 8, 2011, focusing on "Internet + auto finance". The actual controller is Yao Hong, and the shareholding ratio is reached. On November 15, 2018, it was officially listed on the New York Stock Exchange.

According to the data released on the official website of Micro Loan, as of February 2020, the loan balance was 100 million yuan, and the cumulative loan amount was 100 million yuan. On May 31, the official WeChat of the micro-loan network issued a document, saying that based on national policies and industry trends, the micro-loan network decided after careful research that it would withdraw from the online loan industry before June 30, 2020 and no longer operate the online loan information intermediary business. According to the announcement, at the request of the majority of lenders, after comprehensive consideration, the deadline for signing the asset management plan is 18:00 on June 9, 2020, and the signing channel will be closed after the deadline.

For lenders that have not signed a contract after the deadline for signing the asset management plan, the redemption plan will be announced separately as soon as possible. <>

It is not without warning that the microcredit network was placed on file for investigation this time. According to the feedback of the lenders, before the case was filed, nearly 500 investors had jointly complained on the complaint platform that the micro-loan network had harmed the interests of the lenders, claiming that the platform had violated the rules such as adjusting the cashing method and tampering with the contract data without authorization. In addition, the micro-loan network is also entangled in legal proceedings.

According to Tianyancha, there are as many as 4,029 risks around the micro-loan network, of which 497 are its own risks, including 149 ** announcements, and the cause of action involves disputes over the recovery of financial non-performing debts, service contract disputes, unjust enrichment disputes, private lending disputes, etc. <>

In addition to operating for nine years, Micro Loan was once the largest online loan platform in Hangzhou, and was also known as the "first brother of car loans" in the industry. This time it was investigated and it was indeed suspected of illegally absorbing public deposits!

Of course, although it has not been made public, since it has been opened for investigation, it must have a lot of trouble, and I think this is only part of it.

Yes, because the platform is not qualified to take deposits from the public, but there is such a fact, so it was placed on file for investigation.

The local ** in Hangzhou has given the results, and the micro-loan network is indeed suspected of illegally absorbing public deposits for other loan projects, and the amount of illegal gains is huge.

Legal Analysis: Yes. The collection work of the micro-loan network will be handled as a whole, and the original collection system, organizational structure and personnel will remain unchanged, and the collection work will be under unified management, supervision and guidance.

Legal basis: Article 675 of the Civil Code of the People's Republic of China The borrower shall return the loan within the agreed time limit. Where there is no agreement on the term of the loan or the agreement on the inclusion of the code is not clear, and it is still uncertain in accordance with the provisions of Article 510 of this Law, the borrower may return it at any time; The lender may demand the borrower to return it within a reasonable period of time.

This year is destined to be an unusual one!! Hangzhou's largest online loan platform and "the first share of car loans" micro-loan network was finally investigated on suspicion of illegally absorbing public deposits. **Shortly after the late-night report, Yao Hong, the actual controller of the micro-loan network, apologized through the WeChat circle of friends:

Maybe everything is arranged by fate, I apologize to all my friends who support me, don't remember the past, don't fear the future, and go all out. ”

Late at night on July 4, the Hangzhou Public Security Bureau suddenly announced that it had filed a case for investigation on the micro-loan network suspected of illegally absorbing public deposits in accordance with the law. Subsequently, a supplementary announcement was made urging the platform borrowers to repay the loans. Up to now, the public security organs have initially collected 100 million yuan, and follow-up funds are continuing to be concentrated. <>

Micro Loan Network is a P2P platform founded by Micro Loan (Hangzhou) Financial Information Service, and it is also a domestic platform"Internet + Auto Finance"Pioneer. According to the official website of the micro-loan network, as of February 2020, the cumulative amount of loans reached 100 million yuan, the cumulative amount of loans reached 100 million, the balance of loans was 100 million yuan, and the cumulative number of borrowers reached 10,000. According to the data of Online Loan, as of July 6, 2020, the outstanding balance of Micro Loan Network was 100 million.

In 2018, WeCredit.com was listed on the NASDAQ, but now its share price has fallen to US dollar stocks, evaporating more than 90% from the opening day. <

Up to now, there are currently 115,490 lenders on the microcredit network, with a cumulative loan amount of 10,000 yuan per capita, which means that more than 10,000 people will face the problem of redemption. Although I don't know much about this issue, I still tried to search on the Internet, and the results were not too optimistic, many people said, "It is impossible to recover it", "Since the platform has been involved in illegally absorbing Da Nian Xun to collect public deposits, then there must be a problem with the capital chain" ......

However, to say that everything must be thought of as good, ** has been involved, although not all the money will be recovered, but still have to believe**!!

The lender should follow the announcement of the public security organ and go to the record. In this way, it is possible to get back some of their own costs in the future liquidation.

The lender should prepare the materials and various identity information, register with the local authorities, and wait for the news.

I don't think so. Because the micro-loan network is suspected of violating the law and committing crimes, it has been placed on file for investigation, and the deposit cannot be redeemed for the time being.

The deposit should be able to be redeemed, but the amount that can be redeemed depends on the later detection work and the recovery of funds.

After checking the relevant laws and regulations, it seems that it is basically difficult to be cashed, and if it is recovered, it is very good, if it is not recovered, it is basically impossible to get it back, and the probability of the latter seems to be greater.

It should be possible, although it has been investigated, but the money owed still has to be repaid.

The lender's money may have to wait for the public security organs to file and investigate, and wait for the court to prosecute and pronounce the verdict, and it is estimated that it may take 2-3 years before the result is announced! If you are convicted of illegal fundraising, the deposit will be enough to be cashed.

Debts and repayments are a matter of course, and failure to repay debts is intolerable under national law.

The micro-loan network is suspected of illegal fundraising, and it has been filed for investigation, and the police are making every effort to investigate the truth.

Mainly because this ** is suspected of illegal fundraising, it will be filed for investigation, and the suspected amount is also very large.

The micro-loan network is suspected of illegally absorbing deposits from the public, so it was investigated by the public security organs, which is the most easily touched red line for P2P platforms.

I think it may be because the micro-loan network has been using incorrect ways to pull people, involving pyramid schemes or breaking the law, so it will be filed for investigation.